Morning Daily - 2020-04-02

ETAuto Newsletter | Thursday, April 2, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAuto Analysis:Feeble auto sales amid lockdown blues
• Will Coronavirus boost cars sales? Here is what's in store for ride hailing services
• Opinion: 15 ways the Indian Auto Industry will change post-Covid 19
• ETAuto Survey: Mobility Trends in Post-Covid-19 World Surveymonkey.com
Top Stories
• Lockdown: Auto makers go digital to sell BS-IV inventory
• Coronavirus impact on global auto industry
• Mercedes-Benz India to set up temporary hospital for coronavirus patients in Maharashtra
• Renu Karnad steps down from Maruti Suzuki's Board Director role
• M&M CFO VS Parthasarathy is now President of a new unit
• Nissan appoints Guillaume Cartier as Chairman for Africa, Middle East, India region
• Auto shares slip on weak March sales numbers
• Crisis in auto sector takes a turn for the worse as firms defer payments Livemint
• The trucking industry runs into big roadblocks amid the lockdown. India cant afford it. ET Prime
• GST mop-up slips below Rs 1 lakh crore -mark, March collection at Rs 97,597 crore
• NHAI clears contractors' bills worth Rs 25,000 cr
• Covid-19 lockdown: Vehicle-makers, automotive platforms pitch in with service support HBL
• Amid Covid-19 crisis, commercial vehicle sales crash 89% in March HT MINT
• India's fiscal deficit may shoot to 6.2% of GDP in FY21: Fitch Solutions
• How do we keep paying wages, wonders stricken industry
• Europe's auto industry sees unprecedented crisis following production losses Automotive News Europe
Monthly Sales Report Card
• Coronavirus impact: Maruti Suzuki sales dip 47% in March 2020
• Tata Motors sales dip 84% to 11,012 units in March, FY'20 sales down 35%
• Coronavirus impact: Ashok Leyland sales tank 90% in March at 2,179 units, FY20 sales down 37%
• Coronavirus impact: VECV total sales dip 83% in March 2020 at 1,499 units, FY'20 sales down 33%
• Hero MotoCorp sales tank 42% at 334,647 units in March 2020
• Royal Enfield sales dip 41% at 35,814 units in March 2020
• Honda Car India sales dip 78% at 3,697 units in March 2020
• Coronavirus impact: Hyundai Motor India sales fall 47% in March 2020 at 32, 279 units
• MG Motor India sells 1,518 units in March 2020
• Kia Motors sold 8,583 units in March 2020
Industry
• Feb core sector growth at 11-month high
• Sensex tanks 1,203 points on Day 1 of FY21; Nifty ends below 8,300
• India needs to build a manufacturing base for PPE and ventilators, says Amitabh Kant
• RBI raises short-term borrowing limit for states and UTs by 30%
• Govt extends term of RBI deputy governor Kanungo by one year
• Fearful FPIs march out of Indian markets, pull out a record $15.9 billion
• ?Government extends foreign trade policy by one year
• M&M top-deck rejig to take effect today
Passenger Vehicle
• Toyota Motor Corporation announces organisational changes
• French car registrations dropped by 72% in March due to coronavirus
• China may ease electric car quotas, delay emission rules to help automakers
• Norway auto sales fell 32% year-on-year in March
• Fiat Chrysler hopes discounts, web can juice dormant auto sales
• French auto sales plummet on virus shock
• Vietnam-based Hyundai, Honda plants close amid nationwide lockdown
• Volvo Cars in talks to reach emissions deal with California
• Skoda Auto Volkswagen India to donate Rs 1 crore to Sassoon General Hospital in Pune
• Groupe PSA partners with Air Liquide, Schneider Electric, Valeo to produce 10,000 respirators
• Tesla plans to supply FDA-approved ventilators free of cost: Musk
• Covid-19 fight: Honda to supply 2,000 high-pressure backpack sprayer to government agencies
• MG Motor India: Supplies resume from China but facing hurdles from Italy
Commercial Vehicle
• Covid-19: Olectra Greentech to contribute Rs 17.26 lakh to PM CARES
• Ashok Leyland extends service, warranty period by two months
• Daimler Trucks delivers FUSO eCanters to Irish Postal Service
Aftermarket
• Bounce, Vogo, Drivezy hardest hit by Covid-19 turn to layoffs, salary cuts
• Audi India extends service, warranty period by two months
Auto Components
• Uno Minda to invest Rs 33.5 cr in its joint venture with Toyoda Gosei
• Confident of coming up with a solution for auto payment delays: Jayant Davar
• Italian brake maker Brembo treads new path with Pirelli stake
Tyres
• Centre likely to put all tyre imports in restricted category
Automotive
• Coronavirus impact: Escorts tractor sales dip 54.3% in March at 5,444 units
Oil & Lubes
• India keeps date with BS-VI fuels amidst corona lockdown
• Make free market for local natural gas: ONGC
• Oil surges as Trump talks up hopes for truce in Saudi-Russia price war
 
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